$XRP XRP closed below $1.96 last night which invalidates the 7 year symmetrical triangle breakout. We need to reclaim this level to continue this speculative bull run. The economy is in a recession. Ethereum is below $1500 and Solana is below $100. We can’t reignite the bull run until they engage QE later this year in an attempt to offset the economic crisis unfolding at present.

I’ve talked about this in previous posts, this is the beginning of a crisis and multi-year downturn that will spell the end of fiat and switchover to the new crypto based financial system. I anticipate the switchover to occur around 2030-2033. Make sure you are holding at least some XRP and XLM when this occurs, maybe consider other ISO20022 compliant cryptos. Whichever cryptos will replace fiat, they will have to be compliant with the ISO20022 messaging system. XRP and XLM Are the safe bets and will be widely used in my opinion, they are the best positioned and will be in high demand.

XRP still has the potential to spark a utility run once ripple’s payment solutions are integrated into swift by the end of this year, the deadline for this is November 22nd. Make your calls on if you wish to hold for this, I will always have some XRP that I never sell no matter what.